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Recovery from pandemic may take years. Government must invest in welfare projects -Nishtha Tewari

-The Indian Express The current scenario is ideal for policymakers and practitioners to drive home the importance of health spending and institutional development With the first batch of anti-COVID vaccines being rolled out, the mood of the nation seems to be upbeat as it bids farewell to the pain and anguish of last year. The emergency-use approval to the vaccine developed by Oxford University and the Swedish-British pharma major AstraZeneca, manufactured in...

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How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya

-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher...

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India’s hunt for the new Vision 2020 -Amir Ullah Khan

-Livemint.com With a slew of development targets getting pushed back to at least 2030, what visions and goals are realistic? The year 2020 was bleak. And while the calendar changes, things may not change all that much until the public health benefits of a mass vaccination campaign kicks in. Meanwhile, it is important to take stock of where India’s development dreams stand and where the country can go from here. Many visions and...

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India’s external sector during the pandemic -CP Chandrasekhar and Jayati Ghosh

-NetworkIdeas.org The complete absence of any meaningful fiscal response from the Indian government in the face of one of the biggest economic crises ever faced, cries out for explanation. One argument has been that the central government is concerned about its external vulnerability: a large increase in Public Spending could generate higher imports, thereby worsening the trade deficit at a time when volatile capital flows have already made the balance of...

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Stopping the slide of health care in India -Satya Mohanty

-The Hindu Policymakers need to focus on the larger picture with steps being taken to reclaim the space under public care India’s health care is a dark echo chamber. It is 70% private and 30% public in a country where 80% people do not have any protection for health and the out-of-pocket expense is as high as 62%. With Public Spending at 1.13% of GDP and a huge shortage of health-care workers...

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